IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Other EventsItem 8.01. Other Events.
On November22, 2017, iHeartCommunications, Inc. (“iHeartCommunications”), an indirect subsidiary of iHeartMedia, Inc. (“iHeartMedia”), issued a press release announcing that it has extended the expiration time and withdrawal deadline in the previously announced exchange offers (the “Notes Exchange Offers”) that were launched on March15, 2017 to exchange certain series of its outstanding debt securities (the “Existing Notes”) for new securities of iHeartCommunications, iHeartMedia, and CC Outdoor Holdings, Inc. and concurrent consent solicitations with respect to the terms of the Existing Notes.
On November22, 2017, iHeartCommunications also issued a press release announcing that it has extended the deadline for participation in the previously announced offers (the “Term Loan Offers”) that were launched on March15, 2017 to amend its outstanding Term Loan D and Term Loan E borrowings under its senior secured credit facility.
A copy of the press release announcing the extension of the Notes Exchange Offers is attached hereto as Exhibit 99.1 and is incorporated in this Item 8.01 by reference.
A copy of the press release announcing the extension of the Term Loan Offers is attached hereto as Exhibit 99.2 and is incorporated in this Item 8.01 by reference.
Item 8.01. Financial Statements and Exhibits.
(d) Exhibits.
The following documents are furnished herewith:
|
ExhibitNo. |
Description |
| 99.1 | Press Release issued by iHeartCommunications, Inc., dated November 22, 2017, announcing the extension of the Notes Exchange Offers (Incorporated by reference to Exhibit 99.1 to iHeartCommunications, Inc.’s Current Report on Form8-K filed November22, 2017). |
| 99.2 | Press Release issued by iHeartCommunications, Inc., dated November 22, 2017, announcing the extension of the Term Loan Offers (Incorporated by reference to Exhibit 99.2 to iHeartCommunications, Inc.’s Current Report on Form8-K filed November22, 2017). |
About IHEARTMEDIA, INC. (OTCMKTS:IHRT)
iHeartMedia, Inc. is a global media and entertainment company that specializes in broadcast and digital radio, out-of-home, mobile, and on-demand entertainment and information services for national audiences and local communities. The Company operates in three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor). Its iHM segment provides media and entertainment services through broadcast and digital delivery and also includes its national syndication business. Its Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Its other category includes its full-service media representation business, Katz Media Group, as well as other general support services. It has a Smartbike bicycle rental program that provides bicycles for rent to the general public in several municipalities.